Robert Nigmatulin says Russia's economy faces existential crisis

2 articles · Updated · 19FortyFive · Apr 27

Speaking at the April 2026 Moscow Economic Forum, the 85-year-old Russian Academy of Sciences member said urgent restructuring, not limited reform, is needed.
He cited 1.5% average annual GDP growth in 2015-2025, 77% consumer-price growth, 7% yearly inflation, weak investment and unimplemented presidential economic decrees since 2012.
Nigmatulin linked the crisis to corruption, bureaucratic stagnation and the war against Ukraine, arguing economic overhaul requires political change and warning the strain threatens stability under wartime fatigue.

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